The Vanguard Group, Inc. has recently announced that it has increased stake in Apartment Investment and Management Company (NYSE:AIV) by 0.39%. After grabbing 21.51 million shares, the institutional investor is now in possession of 83730.0 shares of the Real Estate Company. The new investment brought the stake of investor firm to 14.35% having worth around $168.45 million. Moreover, T. Rowe Price Associates, Inc. increased its share by 0.51 million to have a control over 17.95 million shares. And BlackRock Fund Advisors raised its holdings to 13761.0 shares by acquiring 11.39 million shares or 7.60% of the stake.
Apartment Investment and Management Company (AIV) concluded trading on 05/24/23 at a closing price of $8.12, with 1.02 million shares of worth about $8.26 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.63% during that period and on Wednesday the price saw a loss of about -3.45%. Currently the company’s common shares owned by public are about 145.83M shares, out of which, 138.83M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the AIV stock and their offered price forecasts bring an average price target of $4.09. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $4.09 and could fall to a lowest price of $4.09. However, touching the estimated high of $4.09 would mean a loss of -98.53% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 12 times over the past 12 months. They bought 238,818 shares in 12 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
T Rowe Price Mid Cap Value Fund, Vanguard Real Estate Index Fund, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Apartment Investment and Management Company T Rowe Price Mid Cap Value Fund is currently holding 9.94 million shares of worth totaling $77.85 million. The company recently came buying 0.11 million shares which brought its stake up to 6.63% of the company’s outstanding shares. Vanguard Real Estate Index Fund sold 10082.0 shares, after which its hold over company’s outstanding shares shrunk to 4.45%, leaving 6.67 million shares with the mutual fund that have a worth of about $52.21 million. Vanguard Total Stock Market ETF, after buying 4.42 million shares, have now control over 2.95% of the stake in the company. It holds 2968.0 shares of worth $34.59 million.
Apartment Investment and Management Company (NYSE: AIV) started trading at $8.40, below -$0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 8.40, or with a loss of -3.45%. Stock saw a price change of -2.17% in past 5 days and over the past one month there was a price change of 5.73%. Year-to-date (YTD), AIV shares are showing a performance of 14.04% which increased to 36.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.62 but also hit the highest price of $9.77 during that period. The average intraday trading volume for Apartment Investment and Management Company shares is 1.40 million. The stock is currently trading -0.59% below its 20-day simple moving average (SMA20), while that difference is up 4.60% for SMA50 and it goes to 3.40% higher than SMA200.
The Vanguard Group, Inc. acquired 21.51 million shares of Apartment Investment and Management Company having value of about $168.45 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 83730.0 shares in the company valued at close to $679887.6, or have control over 0.39% stake in the company. Apartment Investment and Management Company (NYSE: AIV) currently have 145.83M outstanding shares and institutions hold larger chunk of about 92.10% of that. Holding of mutual funds in the company is about 40.96% while other institutional holders and individual stake holders have control over 50.07% and 2.43% of the stake respectively.
The stock has a current market capitalization of $1.17B and its 3Y-monthly beta is at 1.20. PE ratio of stock for trailing 12 months is 22.81, while it has posted earnings per share of $0.36 in the same period. Its PEG reads 3.21 while making debt-to-equity ratio of 2.26. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AIV, volatility over the week remained 2.17% while standing at 2.68% over the month.
Analysts are in expectations that Apartment Investment and Management Company (AIV) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. EPS is likely to grow at an annualized rate of 7.10% for next 5-years, compared to annual growth of -23.70% made by the stock over the past 5-years.
Analysts at 1 brokerage firms have issued recommendations for the Apartment Investment and Management Company (AIV)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 1 Wall Street analysts, 0 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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